Kuribayashi Steamship revises forecasts, announces share buyback and asset sale

Kuribayashi Steamship Co., Ltd. announced a revision to its consolidated earnings forecasts for the fiscal year ending March 31, 2026, including the interim period. The company now expects significantly higher net income due to the sale of investment securities, which is anticipated to generate an extraordinary profit of approximately JPY 1,925 million. This sale involves three listed securities and is scheduled to occur between October 1, 2025, and December 30, 2025.

For the interim period ending September 30, 2025, the revised forecast shows an increase in net income attributable to owners of parent from JPY 800 million to JPY 1,669 million. The full-year forecast for net income attributable to owners of parent also sees a substantial increase, from JPY 1,900 million to JPY 3,792 million. Concurrently, the company resolved to repurchase up to 140,000 shares of its common stock, totaling JPY 201,600,000, via a ToSTNeT-3 transaction on September 24, 2025, as part of a capital policy review.